ShiiMtlAl
ii iiim mi nil m i m ii ran
?--Hnii5F .-- J3VENIKG PUBLIC LEDGER PHILADELPHIA, FRIDAY, NOVEMBER 21, 1910
25
mmmmmmmmmmnmmar'w.
i-
AKKON TIRE
Anplleattm la brine meA t list
AKItO.N THIS un tho Now lork Curb.
Commitments for
the Opening Accepted
in the
Order Received
Circular P-4 on Request
S. S. RUSKAY & CO.
Member Consolidated Stock
Exchange of Now York
E.tnbiittied 1377
20 Broad Street,
New York
OIL STOCKS
CURB
L
7
AD
RING
Simms Petroleum Makes Brisk
Advance to New High
Record
ROYAL DUTCH ACTIVE
NEW YORK BOND SALES
Summary of (ha Indlvtdnal transactions on Uie New Torn Exthsni
BRITISH TRAD
E
The Phonograph Indus
try Is One of the Most
Important and Most
Profitable in the Coun
try We offer a
PREFERRED STOCK
with VALUABLE
'.'RIGHTS"
Pond or call tor circular setting
forth particulars of an unusually
attractive offering of the 8 Cum
ulative Preferred stock of a Cor
poration practically monopolizing
lt3 line In .the uhonoirrntih Held,
tvmlnir valuable "nrllleirca"
which enables subscriber1" to rrnr
tlclpita In unusual profits from
homo and expert buR'nes!',
The "rights' arc restricted to a
limited offrrmn.
Hend nt onre for
Clrrulnr No. T. II. 4
J. Q. REED & CO.
Finance Bldg., Phila., Pa.
New York, Nov. 'Jl. There was I
concentrated buying again toilnT in
many of (lie petroleum stocks and that
fjroup w as the most prominent feature
in the nrond Street Curb.
Simms Petroleum made a brill: ad
vance to the new liifjli record of IfV'ii.
Kik Ilniun was nnother feature, ad
vancing to SOi. Oenernl Asphalt was
traded in at 120 to 130. International
Petroleum runged from fil'd to 55 li.
liojnl Dutch was bIro active and strong,
moving up from 77ai to f0.
Texns to. (new) stock sold at tilMu
to (111. White Oil ranged from 35',i to
SIOU.
Submarine Iloatwas n strong feature,
with hales at 17 to 17'i. American To
bneto Scrmlties showed a firmer tone,
langlng from (10U to 01 Vli.
United States Steamship was steiulj,
with sales at 4TJ to B'A. I.ocw sold nt
80 $4 and 31. Indian Parking was weak,
dropping from 104 to 3S'"4. Marconi
of America told nt 0ai and 0.
lMIUSTRIAIA
Am Aer ACCDt'
1000 06
1000 Of)
Am Agr & C Co Gi
S000 . . 01V.
Am Smelt & It Cb
1000 8,4
15000 . . ta
1000 . MV,
7000 SO'.i
Am Tel & Tel clt
iooo . . . sin
Am Tel & Tel 5s
1000 . 83
eooo s
ioooo . . . nl'U
(1000 SIVs
Am Tel & Tel
2000
2000
3000
iooo
13000
ioooo
3000
1000
1000
t1
00
utt
0014
oVi
99
8Uf
00,4
Am Tobacco Co clt
0000 . . 81
Armour & Co .'i
1000 ....
Anglo-French Bs
Commonwealth
Light &l Power
6 Notes, Due Sept., 1919
E. J. WRIGHT & CO.
Telephone Rector 31 12-3-4
20 Broad S., Now York
inch
ctna KxplosUei
Amor Tob Sac Olri
Amal Tiro Mores ... Ji
llrlttuVAmcr Tobacco roup SOU
Tarrpil CoM
Otntr ii Aiph It .
HnjiiVn Clum
Hupp Motors
l!rinl?o MlK
Indian Packln?
Loeun lnc
Ix)It lrc . ...
Merrer Motors
.Malbohm Motors
Perfection Tire .
Hoot Vnnlerort .
Ueputltt? Tiro Hub
Snow ronntjlni
Subtnirlnn Jloat
Stewart Warner
rtwfots Co .
tr h Hlramihlp . .
rutted HLt Ctndy
United ProJU Hhnrlnir
,ei
x
M
1..U
13'i
47't
IttV.
ut
Ucl'i
ur,
11
17t
Low
II V.
DU
IW'i
H4
111
HI
8!i
tw
J'-J!
in
411
If.
nr,
si'i
mi.
17
p m
8
CIVl
UV4
1U
l!U'i
8U
r.:i
lSll'i
T
ia;
4(1
31
l-iiv;
?s-
i5S
17
;;!? , v&
Sil
it
.1
Allied Oil
cm
THE TURN
"SW
OF THE TIDE
THE TIME TO BUY DONDS IS WHEN
THE PRICE IS LOW AND THE YIELD
IS HIGH. THAT TIME IS NOW.
STUDY THE EVIDENCE. SEND FOR
YOUR COPY OP "THE TURN OF THE
"BAKER, AVUNG & YOUNG
LMID TITLE BUILDING
BOSTON PHILADELPHIA
UnlUd Plct l'roil
Vanadium Rtel .
wiijnc coal
NTANUXHD OILS
Anulo-Amr Oil .... 32'4
llllnola 1 I.. 170
I'rnlrle 1' 1.. . ... 87.1
Stn:nl Oil Caliorala -H."
staml Oil N J . 7.10
btSnrt Oil NY . . 22U
lMIKI'tLMIEM OII.H
ll.'
Ar lev
Iloone Oil
lluaton j omlnk' . .
Ilurlmctt Vin i'lfae
t'nrl.i Sjndlcto ..
CJUU Scr ' it otf
(,jinmonucjlih
fontlen & Co
li 1; lianln l'tt ....
Cumeralda Oil ..
tcilcr.il oil .. . .
aionrocl: OH
Ouffe OIUmpI- . .
Inter Petrol .
lmlnclble .
island Oil
1. Kingston
llerrltt OH
.Metropolitan IV t
No Amer Oil
Omar Oil .
Orient Oil . .
Phillips Pet
I'rod t Ref . . .
Hanucr Oil
ltjun un . .
Halt Creek Trod
Shell lianaport
Hkolly Oil . ...
SlmmB Pet
Hpencer Put . . .
Texas ftnnKer .
Teas Co I
Tropical OH
IJnlted Western Oil new..
White OH . , ...
Win O & O
170
si'i
74S
j:u
M',
14
M
S
170
.'75
29T
7.10
JJI1
77000
311000
38000
2000
10000
70000
10000
.1000
8000
00000
10000
8000
4000
18000
28000
ioooo
160000
8000
3000
33000
38000
60000
480000
43000
1000
10000
0000
8000
4000
1000
3000
1000
nooo
01s
08
08
SB
06,
004
nei
90?
os.;
UO'i
07
S7
07i.
117 ii
01
Hi
7U
07H
07
07
97
;
07 I
07
07
97
07
esn
B7
97
0T
90
"C
8?1"
i'i
4U
4 I
4.1
l(l.
Z
i'n
8".
87
IIS',!
a?
2ft
u
IB
111
70
V-
04
bJ
41
3'4
44'
ill
-J:
ii'j
SJl.
r.m
37
fl"i
&
74V
12'.
It
83
2tt
4r.'.
431m
l.i
in';
87
12ii
74 V.
12".
U
e1.
Arc ltepubllc Cs
1000 .... 77
All Coast i'ne clt
10000 .... 71
Atl Coast Line 4s
8000 . . . 78
Atl Knox & C"ln 4a
1000 ... 74
A T & S F adj
2000 .... 7H4
1000 "IV4
A T & S 1" 4
1000 . 78
1000 . 79Vi
.1000 . . 78U
10000 . . 9'i
Iialt &. Ohio cv
Chi fit P M & O Cs
8000 108
Chi Union gta 4s
iooo my,
1000 . 8?i
eooo . . ti
Chile Copper Bs
1000 .... 57 U
Chile Copper Ss
tOOO . 83',i
8000 . . , sv;
8000 . 82?.
Chile Copper 7d
3000 ....109
City of Bordeaux Cs
SOOO . . . 93
City of Lyons 6s
2000 . . 93
C of N Y 4H of
May '57
3000 ...101
C of N Y 4s of '55
teglstered
SOOO . ., 02 1(,
C of N V 4s of B8
rwtlsteted
10000,.... 92
C of X V 4s of 6U
1000 92
Cof X y 4lsof CO
10000 . 07
1000 . 07
C of X T (Us of C4
2000 97
City of l'arls 6s
1000 . .. 05
City of Toltlo 6s
1000 .... 80
Colo a So Ily 4s
1000 .. 82
1000 Hi
Con C!as (Jo cv
10000 B!i
loono . 00
SOOO 00
3000 .. 00
Corn I It Co f,s 31
1000 .. .100
Del & Hud Canal fd
1000 ... 81
Den & It Gland 4i
3000 .... 03 1 i
0000 03
Detroit Ed Bs of 33
3000 ... 03
Detroit Tunnel 4 'is
1000 .... 75
Det Unt ltys 4' 3
2000 .... 00
Dom of Canada 21
4000 7;
1000 I7H
Dom of Cumula "6
1000 .. 93
Dom of Canada 'Jl
2000 . 03
3000 03
trie Gem rat Lien
1000 .... 88 SOOO
ML3 & Vf II ext Bfl 9000
1000 .. 98 81000
M K & T Ily ct 4 1 4000
118000 . . 80 4000
1000 . 80 8000
Mont Power Co Es
1000 .... 88
Mo K ft Tex Ity 2nd
2000 .... 81
MoICan & Tex 4 Vis
10000 ... 80
10000 .... SO
Mo Pacific em 4s
1000 . . . 86. .
2000 . 88
SOOO 00
3000 . . 87
n y u . un im s
2000 . 98
0000 . 93
8000 . . 93
8000 ... 98
10000 ... 93
K Y Uas & Hlec L
& fowcr Co Bs
SOOO ... 88
NY N" II & II 4s 'G5
3000 .. S3
NY .VII & II 41 'SO
2000 .... 82
N Y N II & Hart 6j
13000 . . . 7S
SOOO . . 7S
X York liny 4s
8000 .. . 84T.
X Y Itwys Es
1000 .. 7
18000 ... 7 '
X Y fjtato r.y 4 'is
S8
30
S8
S8"'i
88
60
St & San F Ser B
1000 . . 67
Bt Ii 4 B P nj
5000 . . 00
2000 . 00
1000 40
10000 60
Sllit Kan V In
CIRCLES
NERVOUS
Exchange Rates Mean
Premiums for Goods
Heavy
Pur-
8000
6000
3000
1000
3000
3000
8000
8000
8000
st L sju vr
3000
44
48
8
43
44
44
43
48
K It Ut
02
St L & 8 AYcst Es
(000 00
St 1 Mill & M 4 lis
3000 02
3000 03
Ter II As of i I. 4n
1000 .. 72
Texas Co 6s
2000 . ..104
Third Ave Ily 4s
10000 . . . 40
V K of Q B H I '21
8000 .. 07
1000 97
.iooo . o; .i
1000 97
IOOO 97
U K or O i! te t
rets of 22
chased in United States
MONEY IS TIGHTENING
MINIMI
RAILROAD, INDUSTRIAL,
PUBLIC UTILITY
BONDS
List on request
MARTIN & CO.
1411 WALNUT ST.
OLD FOUNDATION COAL CO.
First Mice. Vc Sinking Fund Bonds
IlouLlit. Sold and Quoted
J. C. HEED & CO.
BANKERS
Finance Bide, Phila, Pa.
fWM.U.MAYBERRYW;
aamHGMSFBaAaw
Kxt.
Ajs Br Col
ArUona Sliver
Atlanta
Hilchi-r DIUdo
UJlchnr Divide
me ldxa
liootli
Caled Mlnllie
Candelarla Jlln .. ..
Cons Cop M . . .
Crcacent McNamara
El Saliador
Eureka Croesuj"
41) .Mining- ... .
Gold Cona . . .
Uold ICeunnaA
Gold Mertrer .
Hold Silver Pltk .
Orand Pacific
Heclo, Mtnlne .. .
Jumbo Extension
Louisiana Co .
McNamara
H 47 43
8U.. 77?i K(i
ll.S 1114 11
HIS 4o't 43.
1U, III 10.
IS 1. IS
01 (,0i-4 01
20 10 l()
1J. IS li
8(lU 35S 3U
4-1. 41? 4
IK 11. H.
" .'
1 .1 3
311 87 :is
38
SS
31
3'i
1".
21i
IN
81 i
4
7
40
8,
48
Marah Jlln 3B
yiNANCIAIi
LOUISIANA OIL REFINING CORPORATION
To tlio Holders of the. First Mortcaie Six
rr Cent Ten Year Coniertlble Gold
llandx of the lxiuULina (111 lttllnlnc
i.ider the SlnKlnr Fund vrolslona of
tht indenture dated Jlay 15. 1017. between
.), nbove Coiporatlon and the. Btate
Street Trunt Company of Iioston. the un
derslimed Trustee hereby Blves notice that
until Dec. 4. 1910. at twelo o'clock noon,
it will receive sealed proposals for the al
of the above named bonds to absorb the
um of Beventy-two thousand one hundred
iity-slx dollars and twcnty-four cents
J7I,1BG.24 or any part thereof. No bomu
should bo ottered at a price exceedlne 110".
and accrued Interest .... .
The rlsht Is resened to reject any and
" BTATc'sTREET TRUST COMPANY,
Trustee, by Ashton L. Carr.
Vlco-Presldent.
noaton. Mass . Nov. 1. 1013.
Pocahontas Consolidated Collieries
Company, Incorporated
FUTTY-YEAIt F1VR I'KK CENT
GOLD KONIJS
Notice Is hereby given, pursuant to the
terrol of the Mortjaue dated; July 1st. 1907.
that the underalKned. as Trustee, will ro
relve sealed proposalx up to .1.1W p in. on
the Olh day of December, 1019. for ihe sale
to It of bonds as above described autnclent
tS use the sum of $80,383 SO. The under
Spied reserves the rltrht to reject any or
THe'nBW YOllK TRUSTnCOMPANY,
TrustesT nv n. a. GUIITIS Secretary.
New York. November lat. 1019,
Mother Lode
Mother Lode new ....i..
Ntpisslng-
North Star
Onondaco
Rope Group .
SIher KInir ot Arli . . .
S Sllxer I.eAd . . .
Stewaid Mln . . .
Tonopnh llelmont . . .
Tonopih Cash Roy,
Tonopah Ilhldn ... .
Tonopali Extension .
Tonopali-JIm U
Tonopah Midway , . .
Tonopah Mln
Tonopth Mlzpah .....
Tonopah Rescue Eula....
ITrlted Eastern
Vlctorj' ,
West F.nd C
White Cap
White Capa Ext. ..
Wllbert . .
HONDS
A T T 8. '22
Anaconrti fls
I R .T. 7
Kuedlsh Oovt . . . . ,
on
n
im
41
28
a
?n
2S
1H
3
7
10
4
2.1
lrf
2
no;
117 !
87
113
41
.s
38..
i
s
8.T.
1
2.
IN
.Ut
4
8 A
8
'i
47
31
01)
0
11 U
7
2J
38
'i
BS
81
a-i
in
2S
1H
2li
4
ll')
8H
S
404
SB
00
R
UM
2j
M,
H
i
21
R
1000
1000
2000
4000
1000
nooo
1000
10000
0000
10000
SOOO
Bait
1000
Da It &
4000
1000
2000
1000
. . 00
. 03" i
.. 00
(10
. . )6
. . 03
. .. 04 "4
. .. 04
. . 03
03
U4
Ohio 3!3
. . . 83
Ohio 4.
. ... 07
07
. 67
87
4000 .... 36
X Y Tel Co 4 Us
9000 .... 84
4000 . 84
X Y Telephones Bs 10900U
8000 .... 78 1000
X Y Telcpnones Cs 10000
1000 ... 08 10000
2000 . . 08 16000
1000 98 I 67000
4000 . .. 97 IOOO
2000 . . 98 I 1000
X O Tev & Meic On I U K of l!
1000 . . . 93 rets of 29
X Y W C r 11 4!,3 I 2000 .
1000 . . 4 1000
1000 . . 42 nooo
Xor &. West cv S0000 .
10000 ....105 i 100000
soon
7000
10000
3000
30000
411100
00000
1000 . .
Halt & Ohio Es
. . 03
6.1
. . . 06
.. 65
Ohio 6s
. . 91
93
. . . 92
. . 92
. 93
. . . . 03
. .. 93
92
-ii sn
2.1 25
IN IS
3M 8
7 7
10 19
4 4
25 2.1
l'i 1A
11 IS
2 2
7 7
SOU 00U
7S B7S
an co
H3 U U3
UMdends
American Telephone & Telegraph Co.
A dividend of Two Dollars per share will
be paid on Thursday. Jan. 13, 1920, to stock
holders of record at the cloae of business
in Saturday, December 20. 1910.
O, D. MILNE, Treajursr.
rroposnls
PROPOSAL KOR BALU OV 1SU1LDINC13
-Ktrt tr.VTTTHTH Sealed nroDOaala for
( the buildings, flxtuies. etc.. for the Law
!"...mk fnvBM,nt lloaultal. Lawrence.
vlUe N. J . will be received not later than
11 a TO. December 2. 1019 by the Utilities
Officer, Camp Dlx. N. J, Further Informs
tlon on application.
Annual Meetings
tJSSP- INHUitANCK COMPANY OK INOHTII
V&r AMERICA , , , .
n.11 m.nA llalnnt His.. Philadelphia
The iAnnua,l Meetln of tho stockholders
'at 19
.3d the
Pen" Capita
Lyons
Marseilles
Bordeaux
Have a verymaleriallr smaller
Debt
Than Cities of comparative!
size in this country. The 15
year 6 Gold Bonds of the
above cities are an exception
ally attractive investment at
Price 92 15 and Interest
Yield about 6.80
jAAcKiEaGo.
Investment Banker
Real Estate Trust Bids.
Philadelphia
We recommend for Investment
TRAYLOR
ENGINEERING &
MANUFACTURING CO.
fo Cumulative P'referriid Stock
Price 98z and Dividend
MCwn&Co.
Mmltr rhilaitlvMa Block StcTioHjr
L-e'tt 81M Unpi Title JMt- "
1000
1000
1000
10110
Bait &
1000
2000
3000
1000
SOOO
1000
. 1000
SOOO
ISSLO P 1; U & W 4a
1000 .... 30
Heth Steel Corp fd
13000 88
Deth Kteel Bs of S6
1000 ... 87
2000 . . -86Ti
2000 . . 86
Brook Rap Tran 7s
2000 .... SO
Brk Union Kle let
2000 .... 84
2000 84
Brk V Ele sta lat
33000 . 70
Cal G & 13 Corp Bs
SOOO 89
Cent of GeoiKla 6s
2000 ... 95
Cential Paclllc 1st
sooo . . 75
sooo . . 7t
1000 . . 76
1000 ... 7S
4000 ... 73
10000 .. . 74
Cen It R of N J 5s
2000 .. .102
3000 ....101
C Jlotor C Co Bs
10000 . . . 57
Ches Sz Ohio cv Es
1000 . . 88
1000 . .. 83
SOOO . . 83
1000 88
3000 . 83
Ches & Ohio 4 He
8000 ... 74
1000 .... 7
10000 . . 74
'S00O . . 74
7000 ... 74
Chi & Alton 314 s
0000 . . 30
Chi U & Q neb
2000 92
Chi B & Q 11 4
4000 .... 88
Chi ll&Qltn
2000 ... 79
8000 .... "9
Chi B & Quincy 4
1000 . . . 04
1000 . . 94
1000 94
Chi & East III ct
10000 . .. 25
Chi & Great W 4s
8000 ... 88
CGO MEM DIV 4s
8000 .... 71
Chi M & St P IS
2000 .... 68
Chi M &StP fd4V4
5000 .... OH
SOOO .... 02
2000 .... t
10000 ... 62
c U t St P CV 4H
5000 .... 12
20000 .... 12
1000 .... 12
28000 .... 12
19000 .... 7
10000 . .. 13
1000 .... 78
c M t lit P or ii
SOOO .... 11
9000 ..,. HVs
1000 .... 11
Chi a, N VT D ot 83
1000 . 9
Chi & N IV 6s of 87
5000 .... 08
Chi It I & Pao fd
6000 . ... 66
10000 , ... 66
1000 . ...
SOOO ,.., 66
.... 67 (
3000 . 46
tOOO . 40
8000 . 46
(1000 . . 46
1000 . 46
Eric n It cv A
2000 .. 41
1000 11
1000 . 41
Krln R K cv B
3000 . 41
r:rie r. it cv n
2S000 4.1
1S00A 4.1
10000 1.1
10000 1.1
Kil r.n is
18000 SO
2000 . 50
G'-it Kails P Co B
10000 .. . 01
2000 9t;
26000 94
Gre.it Xottlt Ry 1st
S00A 82
2000 82
6000 . . 82
5000 82
6000 82
SOOO K2
Hud & Man In
12000 12
Hud & Man fd
2000 . . 68
14000 33s
1000 . 54
0000 .14
III Central o'ss
2000 . .. 92
4000 ... 03
III C C & St li &
X O Jt Bond 53
2000 .... 85
111 Steel Co 4i;b
1000 84
Im ,T Gov la ens; sta
10000 .... 80
I J G 2nd Kng Sta
1000 80
SOOO . 81
Imp Jap Gt 2nd cs
1000 ... 81
1000 . 80
int & a x in 1st
8000 93
lnt Mer Marine Ss
1000
iooo
6000
2000
5000
0000
1000
IOOO
91
96
91
94
91
94
94
94
Int Met ct4s
2000O . .. 19
J00O .... 19
26000 ... 19
lnt Met 414a
1000 .... 20
OJOrt .... 20
1000 .... 20
11000 ,.., 20
10000 ... 20
11000 .... 20
1000 .... 20
Int Rap Trans fd
Xor & West cv 3 Us
2000 . . 48
Xor i. West cv bs
12000 ....10.1
Xor a Western 4s
2000 . . 78
1000 . 78
Xorthcm Pacific 3s
4000 .10
1000 . . 33
Xorthern Pacific 4s
1000 . . 77
4000 . . 77
2S000 . 77
2000 .. 7714
OrrKon Short It 4s
1000 82
Oroiron Short L. 6s
2000 ..too
1000 . ..100
Oio Wnsn RR Co S.
Xa Co 4 s
3000 .... 71
Penna R R em 4
8000 . 82
16000 . . R2
29000 82
Penna It R 4a of 21
2000 . . 07
Penna RR 414i '21
4C0Q . 97
Penna R R Bs
10000 92
40OO . . 92
1000 . .. 91
1000 J
1000 92
SOOO . 92
10000 . 91
Pere Marquette Bs
1000 84
P S Corp of X ,f Bs
iooo . .. 00
2000 . 59
2000 . . 30
3000 59
2000 59
1000 09
1000 . 93
1000 . 59
3000 . . 60
977.
97
97
07
977.
97
08
DK
U &
0(i
06
96
90
90
90
90
90
98
90
90
96
90
U 1C Of G B A. 1
Reading 4s
1000 . .
3000
3000 . . .
Readlm? RR
6000
81
81
81
Bs
85
10000 . 00
7000 . 00
1000 00
7000 . 90
2000 00?,
SOOO . 90
6000 90
20000 90
1000 00
2000 0
40011 110
30000 90
1000 00
1000 00
SOOO 9014
2000 00
7000 110
10000 .00
1000 90
I'nlon Pacific fct
1000 . .. 77
Union Pacific cv
1000 .... 83
12000 84
1000 84
Union Paciflo 4s
2000 .... 84
3000 . . 84
8000 ... 84
Union Pacific 6s
8000 .. .102
U niec Ry of I.on in
1000 .... 65
U S of Mexico Ss
6000 .... 4874
V S Real & Imp Es
1000 ... 78
U S Rubber Es
London, Nov. 21 The condition of
American exolinnco Is (nuslnK nnxicty
In trade circles, us the prevnillnir rates
mean that n trementlous premium has
to be paid by Tlritisli buyers for Roods
nurehnscil in the United States.
The rntc this morning was called at
M, ()., on nn easier money market iti
Xcvt York, but opinion in Lombard
trcot is that tlieip is nn backbone in
the market, wblle the rtcent uneasiness
caused by tlio constant dccllniuR ten
dency has been accentuated by the non
ratlfleation of the pence treaty. The
rate, according to opinion here, is like
ly to be unstable until the treaty ques
tion is settled and official notion is taken
regarding the granting of credits.
The lower exchange rate is also a
contributor muse to the high ptlces
rcalled for arrivals of .silver, while
on the other hand. Americn, Hpnin and
other rountilt'M, in view of the adverse
exchange, are taking offerings of gold
in the open market nt 10,1 shillings
per ouuee, or 21 per cent over the mint
prices.
The mane) moiket is gradually tight
ening, daily hums which lire bnillj
wanted commanding fi per cent, with
the tlnntlnir RUiinlles iiisuflicient. Ilnr-
rowers are foned to p.iy the Hank ul
Knglund (Hs per cent on weeklv loans.
The joint stock bunks aie not lending
freely in the market because of the
huge trade demands bj cuHtomeis for
expanding business and the financing of
the large number of cotton bills now in -riling.
Market opinion U that the lenr ull
pass without a high bank rate, but that
money will be tcane.
LIVESTOCK QUOTATIONS
t'hlcaso, Xoi 21 CATTI.i: Kenipts
KOtiO head Mcndj Href "teem medium
nnd hiaw, rhnlco and prime, (li.71U'Jn,
medium and vuod, till SOW 17.7.1. luinmon
fH.ni)CClU .10 llBht. nood and choice M3 40
'FID. 0" common ami meuium. ., inini i.i u.
helferK, (11.40014 7,1. cows (G2.1(iC18 tin
ners and cutters, (.123fl0 25, enl lolvo
(111 r,0(et7 50, ncMern rnnre. steer, t, 2jf
14 75. cows nnd heifer., JO 2.1 tt 12 50
Sheep R-iolpti. 19.11110 head al.
Limb. (12,10117.1. culls and common
ik .fifieiu ill medium rood nnu cnuu'e,
S ,10 culls nbd common, $U0 70 lir.ed
Imt (II .101011.23 . .
HOOK lbcelpts 35,000 beHd itip
Hulk 13.40I30 top (13 00 lieui.
113 401(1.1 s.-,r medium, 13, lOWUl 00 ll5.1t
11.181018 81, llKht llKhtK (IV'M.I .".111
hea' piLKlnir sowh nmonth SI J 7.11J 111 21.
IwckinT down rouffh, $12.2.1 1.' 7.1. pigs,
(12 7318 21
rltUuumll, Pn,, Nov 21 HOOS Re
ceipts 8800 li.ad Market lower. Heaje.
(141J14 2.1; hea. yorliers. (14 40W14..1U:
Hunt orker. and plus (14 .1014.U().
SltnKP AND LAJinS Receipt! (1000
head Market strong Top sheep, $10 25,
top lambs. (14 SO
l ALVEit Receipts. 7.1 head Steidj
Top. (19
Hut lliiffulo, No. 21 OATTLK Re
ceipts 120U head Market clew
CALVK.tt Receipts, 800 head. Market Jl
higher (3021
HOOS Receipts 7200 head Market ac
tive. 33c lower Hea mixed workers light
lorken aid pigs, (14 30, loujhs, $12 75&13,
stags $H4(H
SHEEP AST LAMBS Receipts, 7000
head. Lambs 35c higher, ewes and mixed
25c lower. Lambs (Sftl4 75; jeirllngs,
$74?11, wethers (0 00; ' ewes. $307 7.1;
mixed Bheep (88 60
62000
14000
10000
20000
28000
60000
SOOO
0000
12000
SOOO
IOOOO
6000
5000
6000
2000
10000
10000
8000
60
50
60
,50
60
50
50
SO
SO
SO
SO
50
60
60
50
60
60
60
Rio Gr & W 4s
1000 . 64
900O .... 65
IC G & W Ry 4s clt
10000 ... 68
1000 . . 68
R I Ark Ik L, 4is
4000 . .. 68
Seab'i Air Line a
1000 .. 45
1000 44
4000 . 44
Southern Pnciflc fd
SOOO 77
1000 . 71
1000 , 77
1000 77
3000 . .71
1000 . . . 17
South Pac cv 4s
1000
1000
2000
1000
1000
1000
2000
1000
4000
10000
U S S I
sooo .
11000 . .
2000
10000
2000
2000
3000 ...
IT S Steel
sooo
. 80
. 85
. 85
. 83
83
85
85
88
85
. 85
& M Co 6
10.1
. 100
. 100
108
100
107
.. 107
4ljs
30
South Omahu. Nov
C ATTLKRec cipts,
lOWir.c loner
HHK11I' llocelnts oOOO
higher: feeders stead.
21 HOOS Receipts.
D00 Steady Cows,
Killers Id 15c
6000
2000
1000
26000
2000
SOOO
. 1000
6000
80
80
80
80
80
81
81
80
KCFtS&M Ry 6a
1000 100
K C Ft S & M Is
4000 65
6000 . , . 64
1000 64
SOOO .. . 64
K C & Southern Es
1000 .... 78
K City Term ny 4s
SOOO . 18
2000 .... 18
2000 . . . 18
Lacfta Steel C of 60
18000 .... 06
SOOO .... 03
10000 ...r 96
L- S 4 Mich 4a '28
1000 .... 88
L S & M B 49 '31
1000 .... 81
V 8 & M S 8 lis
1000 .... 69
Lehigh Valley 6s
4000 ,..,101
8000 ....100
Llrcett & Myers Bs
9600 .... 81
Lorillard Co Ss
6000 ,... 88
Manhattan HU 4s
tOOO .... 61
SOOO .... 61
1000 ..,, 51
Man B Rwy Sta 4
8000 .... 61
Mid Steel Corp Ss
S00O .,.. 89
12000 ... 15
SOOO ,,. 88
2009 .,.t
4W .... S
6trW v ,, 86
South Pac cv Es
10000 . 102
iooo . .10;
10000 ,.102
10000 ..102
Southern Pacific 4s
1000 . 60
9000 . 69
Southern Hwys 4 s
6000 . . 62
2000 . 02
1000 . 62
1000 . . 62
SOOO . 63
South Railways Bs
2000 86
6000 . 86
6000 . . 8614
St L San P A
8 Steel reR Es
8000 08
V S Steol Es
0000 . . . 98
1000 90
1000 . . 98
6000 .... 98
3000 . ... 98
2000 . . . 98
Vlr Car Chem Co la
2000 .... 94
SOOO . . , 04
Vlr Railway Ea
1000 .... 84
1000 .... 84
Wabash RR Co 1st
SOOO .... 90
Wabash RR Co 2nd
10000 . 80
SOOO ... 80
4000 . . 80
West Pacitlo RR 1st
1000 .... 82
Western Electric Es
1000 .... 91
4000 .... 91
Western Union Ea
1000 . . 88
Wilson Co firsts
2000 98
SOOO . 98
4000 98
1000 . 98
SOOO . .. 98
Wilson Co CV
2000 . . 96
9000 . 98
High
Ixjw
11:15
a.m
Lib Bond. 3V3s. . .100.11! 100.04 100.00
Lib Bond 1st 4s. . 04.40 04.80 04.30
Lib Bond 2d 4s... 02.40 02,30 02.30
Lib Bond 1st 4 8 04.B3 04.ii0 04,50
Lib Bond 2d 4s 02.88 02.74 02,80
Lib Bond 3d 4s 04.30 04.20 04.30
Lib Bonds 4th 4Vis 02.04 02.8(1 02.02
Vic New 39is.... 00.30 0fJ;24 00.24
Vic New 4S.B.... 00.32 09,22 00.20
4stoMMK '.:''. ''. Wttwy.y&ft'AWftWiW'
BUILDERS' I
MiLLWQRK
I Doors, Sash, Mouldings,
8 Columns, etc.
R
I THE "HANEY.WH.TE CO. g
17th and Glenwood- Av
Ottiee A Warehouv i
2ltt and Glenwood Ara. ft
Lints From Plana anS
Ettlmatea Gtvtm
fi
m
VULCANITE
Portland Cement
Philadelphia New York Boston
JULIAN S. SIMSOHN
An Organization of
CHEMICAL ENGINEERS
For Technical Operation ot Power Plants
Water Purification Coat Analyses
Combustion
S. E. Cor. Broad and Girard Ave.
NAGLE
STEEL COMPANY
STEEL PLATES AND SHEETS
Pottatown, Pa.
PbHo. Office, 1411 Morris Building
Chas. J. Webb & Co.
Wool
and Cotton Yarns
116 Chcatnnt St, Philadelphia, Pv
H101I QUALITY QUICK SERVICE
Motor Truck Delivery
Lansilale Foundry Co.
r.amdale. r. Phono LansdaU 450
THE BALDWIN
Locomotive Works
Steam and Gasoline
LOCOMOTIVES
Philadelphia, Pa.
There are openings in
nearly all branches for
skilled mechanics. Steady
work; good wages; excel
lent working conditions. A
large number of the ways
are covered.
NEW YORK
SHIPBUILDING
CORPORATION
CAMDEN, N. J.
Apply at Employment Department
at the Yard
"Foreign Trade Through Foreign Investments"
Unusual Investments
Because of the
Foreign Exchange Situation
When, on account of abnormal conditions, the currency of one
country depreciates in its relation to the money of another country,
a situation arises which reacts as a hardship to the one, while present
ing remarkable investment opportunities to the other
In some of the European countries money has depreciated in its rela
tion to American money to such an extent that American dollars will
purchase government bonds in Europe at prices from 18 to 60
lower than their value under normal exchange conditions.
A condition like this must sooner or later readjust itself through a
more normal balance of trade than exists today. Already we are
receiving news of improvement in conditions in allied countries.
The following figures will indicate clearly the strong position of the
American dollar:
$1,000 WILL BUY ABOUT
9700 French francs now as against normally 5186 francs f
12,400 Italian lire now as against normally 5186 lire
219 British Pounds now as against normally 205.5 Pounds
8750 Belgian francs now as against normally 5186 francs
It is clear that while the government internal loans of the allied
nations offer safe investments, with the possibility of profits
running as high at 125, American industry must suffer because
of the inability of these nations to purchase our goods in large quan
tities so long as exchange rates continue as they are at present. '
It is recognized that the surest way to bring exchange rates back to
normal basis is to purchase foreign government internal loans. Con
sequently, for selfish as well as altruistic reasons, every American
should place part of his funds in these securities.
Europe has survived every crisis heretofore, and those familiar with
the European situation are the most emphatic in their statements that
the allied nations are surely recovering from the devastation of war.
Wc are prepared to quote the prices of the internal
loans of England, France, Belgium and Italy.
We have prepared literature regarding these securities which we will furnish on
request, and we shall be glad to answer any questions by mail or telephone or discuss
the exchange situntion personally with those who wish to call at any of our offices.
Co., Inc.
Investment Securities
115 So. Fourth St., Philadelphia
New Yoik
Minneapolis
Chicago
Bnltimoie
Boston
Pittsburgh
Buffalo
Cleveland
VAN RAALTE COMPANY, INC.
Incorporated under the Laws of the State of New York
7 CUMULATIVE FIRST PREFERRED STOCK
Preferred as to Dividends and Assets
The whole or any part ledeemable 'at the option of the Company at any time at $115 per share
and all unpaid and accrued dividends upon 90 days' notice.
Lawyers Title & Tkust Company
New York, N. Y.
(Transfer Agent)
Centrfl Union Trust Co. of New York
New York, N. Y.
(Registrar)
CAPITALIZATION
7 Cumulative First Preferred Stock Authorized
Dividends payable quarterly, cumulative from December 1, 1919 $4,250,000
Second Preferred Stock
f Without par value) entitled to dividends,
- cumulative from December 1, 1919, at the
rate of $7.00 per share per annum after
First Preferred Stock dividend and
amortization requirements 10,000 iliares
Common Stock
(Without par value) 80,000 shares
To lis Presently
Issued
$3,250,000
10,000 share
S0,000 shares
Copies of the Prospectus relating to this issue, containing letter from the Precident, giving his
tory of the Company, also balance sheet certified by Messrs. Ernst & Ernst, public accountants, setting
forth the financial position of the Company as of August 81, 1919, after giving effect to certain trans
actions not yet consummated, and also giving Sales and Profits for three years and eight months to
August 31, 1919, may bo obtained at the office of the undersigned.
Application will be made in due course to list this First Prefened and Common Stock on the
New York Stock Exchange.
Inasmuch as the public has applied in advance for all the stock acquired by the
undersigned, this advertisement only appears as a matter of record.
LEHMAN BROTHERS
New York City
GOLDMAN, SACHS & CO.
New York City Chicago
Boston San Francisco
OKLAHOMA PRODUCING .
REFINING CO.
New Tork. November 21, ll.
T niria.na di c
ifoclt of Oklahoma, Pro
:omny will b paid on
to tlis stt'clthoMers ot
A r.sular cuarterly dlTldena
Bt e.n the eaoltal ate
urlna and P""!!"! Com
a . .fa? ..1B4 ... Imdn... T.nn.K.
c lav vtvr fa.-..,T-. -'""'(
Liberty bonds
Bought, Sold and Quoted
Call, Phone or Write Liberty Bond Department
West & Co.
14X7 CHESTNUT STKEET
Bell, Spruce 280
New York stock. K.ebooi Key tone, Race 2S00
gTnllfllwP-- ew. mvuji,z;.
Cons. Interstate-Callahan
Mining Co.
Stock IJited in N.Y. Stock Kietiaa.
Bpociel Circular on IZeqxttt
ENRICH ft CO.
Members New Torlc Stock Exctasnjs
67 Exchange Place Now York
.Pbons Rector 4S3
W Alw.y Ukt. ea Hand LMut at High (Iran. Bonds
Connolly, Cosgrlff & Southerd
Public Accountants
308 Harrison Building
Rooks, e-.'wwWy;iil .--ftjtUd u
icpm. kw . vMr"Hia,'
m ,mm.&m w
' n
m
r
H
a
.
A
!
3
.5 J
1:1
i i
co before qfffc rf&
A9S
. 88
Ather. buslnswe.. l Mk7
T Rf
AJMS'i
m' R. IpilOWARD. SetrsUry.
IV-
BBBaHHRH